"In the scenario that we do see growth and earnings rebound in 2021, while rates remain low and fiscal stimulus is added to the system ... this is a favorable backdrop for risk assets broadly," that analyst continued.
Another respondent said, "We think low rates combined with a rebound in S&P 500 earnings will cause stocks to hit new highs in 2021."Despite the ambitious targets for the index among many of those polled by CNBC, even some of the optimistic respondents said they'll closely watch how the pandemic is managed and the steps governments take to boost the economy.
"I see 15% upside as the world comes back online. Central banks around the globe pumped in so much liquidity to help stem market collapse, that more normalized market conditions give a reason for the next leg in the bull run," said an analyst who is also watching for "delays in U.S. stimulus, next potential waves of Covid-19 and potential vaccine shortfalls."Strategists shared their outlooks for currencies, with only three of the group naming the U.S.
Six of 20 analysts identified the euro would deliver the best gains in 2020, while seven picked China's yuan. "We expect the euro to be propelled both by the euro zone's rebound from a double-dip recession after the opening months of the year and by worries over lax U.S. fiscal and monetary policies along with mounting U.S. trade and budget deficits," one strategist said. "Honorable mention goes to the Australian dollar, on rising commodity prices, and the Chinese yuan, boosted by China's ongoing economic recovery.
Show us their predictions from April 2020 to now, let's see an actual track record. Not more future tarot card guesses that will never be reviewed!
ARTEM_TSLA Buy and hold $tsla
More good news please(((
I predict it will go up then back down and then up again at some point
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